“Nigeria presents a huge market with a population of over 170 million people and vast resources, while South Africa presents the technical know-how in developing industries.”

The envoy described Nigeria as one of the countries in Africa currently enjoying a favourable balance of trade with South Africa.Advertisement

The high commissioner, who said that there was an increasing number of South African multinational companies in Nigeria, added that there were currently about 120 South African companies in the West African country.